Commerzbank Aktiengesellschaft FI bought a new position in Welltower Inc. (NYSE:HCN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 136,456 shares of the real estate investment trust’s stock, valued at approximately $9,133,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Hartford Financial Management Inc. acquired a new position in Welltower during the third quarter worth $119,000. Advisory Services Network LLC raised its position in Welltower by 80.9% in the third quarter. Advisory Services Network LLC now owns 1,690 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 756 shares during the last quarter. Bessemer Group Inc. raised its position in Welltower by 328.0% in the fourth quarter. Bessemer Group Inc. now owns 2,174 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 1,666 shares during the last quarter. Pennsylvania Trust Co raised its position in Welltower by 2.0% in the third quarter. Pennsylvania Trust Co now owns 2,708 shares of the real estate investment trust’s stock worth $202,000 after buying an additional 54 shares during the last quarter. Finally, Monroe Bank & Trust MI raised its position in Welltower by 1.9% in the third quarter. Monroe Bank & Trust MI now owns 3,141 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 60 shares during the last quarter. 85.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of Welltower Inc. (NYSE:HCN) traded up 0.73% during trading on Friday, reaching $65.87. The company’s stock had a trading volume of 1,461,978 shares. The stock’s 50-day moving average is $66.47 and its 200-day moving average is $69.84. The stock has a market cap of $23.88 billion, a P/E ratio of 29.06 and a beta of 0.19. Welltower Inc. has a 12-month low of $54.38 and a 12-month high of $80.19.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 21st. Stockholders of record on Tuesday, February 7th will be given a $0.87 dividend. The ex-dividend date of this dividend is Friday, February 3rd. This is a boost from Welltower’s previous quarterly dividend of $0.86. This represents a $3.48 annualized dividend and a dividend yield of 5.28%. Welltower’s payout ratio is 153.98%.
HCN has been the topic of a number of recent analyst reports. Mizuho decreased their target price on Welltower from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 3rd. Canaccord Genuity reissued a “buy” rating and set a $86.00 target price on shares of Welltower in a report on Tuesday, December 13th. Barclays PLC reissued a “buy” rating and set a $73.00 target price on shares of Welltower in a report on Monday, January 9th. Jefferies Group LLC reissued a “hold” rating and set a $63.00 target price on shares of Welltower in a report on Tuesday, January 31st. Finally, SunTrust Banks, Inc. lowered Welltower from a “buy” rating to a “hold” rating and decreased their target price for the stock from $80.00 to $72.00 in a report on Thursday, January 19th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. Welltower presently has an average rating of “Hold” and a consensus target price of $73.06.
Welltower Company Profile
Welltower Inc, formerly Health Care REIT, Inc, is a provider of healthcare infrastructure. The Company operates through three segments: triple-net, which includes independent living facilities, independent supportive living facilities (Canada), continuing care retirement communities, assisted living facilities, care homes with and without nursing (United Kingdom), Alzheimer’s/dementia care facilities, long-term/post-acute care facilities and hospitals; seniors housing operating, which includes a range of facility types, including independent living facilities and independent supportive living facilities, assisted living facilities, care homes and Alzheimer’s/dementia care facilities, and outpatient medical, which includes outpatient medical buildings.
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